NetworkNewsBreaks – Asia Broadband Inc. (AABB) E
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Posted On: 10/21/2021 3:38:01 PM
NetworkNewsBreaks – Asia Broadband Inc. (AABB) Enters Joint Venture Agreement for Producing Tequila Gold Mine Project
Asia Broadband (OTC: AABB) today announced its entry into a definitive joint venture agreement to secure a 75% interest in the Tequila Gold Mine Project and 100% of the current and future gold production from the property. According to the update, the company came to terms with owner Juan Enrique Michel Arambula Y Socios for the 66.6792-hectare concession # 219165, La Guadalupe, located approximately 70 kilometers north of Guadalajara near the town San Martin de las Canas in the municipality of Tequila, Jalisco, Mexico. In addition, negotiations are ongoing to add concessions to the Tequila Project joint venture. The Tequila property is currently producing gold, silver and base metals from its 25 ton-per-day processing facility, and efforts are underway to significantly increase daily production capacity with a mill facilities expansion installation in the first quarter of 2022. AABB will continue the previous exploration and drilling program, done by a Canadian mining company, that revealed multiple high-grade potential gold and silver mineralization veins. The additional development work on the property will facilitate completion of a professional geological resource assessment report as well as further define the scope of the joint venture’s capital budget.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Asia Broadband (OTC: AABB) today announced its entry into a definitive joint venture agreement to secure a 75% interest in the Tequila Gold Mine Project and 100% of the current and future gold production from the property. According to the update, the company came to terms with owner Juan Enrique Michel Arambula Y Socios for the 66.6792-hectare concession # 219165, La Guadalupe, located approximately 70 kilometers north of Guadalajara near the town San Martin de las Canas in the municipality of Tequila, Jalisco, Mexico. In addition, negotiations are ongoing to add concessions to the Tequila Project joint venture. The Tequila property is currently producing gold, silver and base metals from its 25 ton-per-day processing facility, and efforts are underway to significantly increase daily production capacity with a mill facilities expansion installation in the first quarter of 2022. AABB will continue the previous exploration and drilling program, done by a Canadian mining company, that revealed multiple high-grade potential gold and silver mineralization veins. The additional development work on the property will facilitate completion of a professional geological resource assessment report as well as further define the scope of the joint venture’s capital budget.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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